Positioned in a tightly held inner-city pocket, this substantial dual-level Queenslander is currently configured to generate strong income, returning approximately $1,580 per week ($82,160 per annum).
The property demonstrates consistent tenant demand, with a proven track record of occupancy driven by its affordability, flexible layout and convenient inner-city location close to key amenities.
Set up to maximise income, the property offers a versatile floorplan with multiple rooms and living zones, giving investors flexibility to optimise rental returns.
Upstairs:
• Spacious open-plan living and dining area
• Large kitchen with 6-burner gas stove, electric oven, breakfast bar and ample storage
• Split-system air conditioning to living area
• 3 bedrooms, all with air conditioning, including master with ensuite
• Main bathroom with shower
• Polished timber floors
• Classic Queenslander features including tongue-and-groove walls, high ceilings and decorative fretwork
Downstairs (not legal height):
• Open-plan living and dining area
• Second kitchen with 6-burner gas stove, electric oven and breakfast bar
• 5 utility rooms providing flexible use options, all with air conditioning
• 2 bathrooms
• Shared laundry
• Tiled flooring throughout
• Large covered patio / double carport with additional storage room
Additional features include a high-capacity solar hot water system, helping to reduce running costs and enhance long-term holding performance.
Located in sought-after Parramatta Park, just minutes to Cairns Central, the CBD, Esplanade, Lagoon, Hospital and Airport-this is a consistently high-demand rental corridor popular with both local and international tenants.
Investment Snapshot:
• 7.8% ROI approx
• $1,580 per week/$82,160 per annum current income
• Council rates $4,000 per annum approx
Returns are based on current income and an indicative purchase price.
A rare opportunity to secure a high-yielding asset with a proven income stream in a blue-chip inner-city location.
All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.
